Nonsuperneutrality of Money in the Sidrauski Model with Heterogenous Agents

Superneutrality is demonstrated to no longer hold in the Sidrauski model as soon as agents are heterogenous with regard to their productivity. However, quantitative effects of inflation on the capital stock are found to be rather small.

Employment and Welfare Effects of a Two-Tier Unemployment Compensation System

In many OECD countries, e.g. in Germany, France, or the UK, unemploy-ment compensation consists of unemployment insurance and unemployment assistance. Unemployment assistance is provided subsequent to the expiration of entitlement to unemployment insurance and is lower. The effects of this two-tier unemployment compensation system are studied in a general equilibrium job search model with endogenous distributions of in-come, wealth, and employment which is calibrated with regard to the charac-teristics of the German economy. Our results are as follows: i) employment is a decreasing function of both unemployment insurance and unemployment assistance. ii) Savings are (not) a monotone increasing function of unemployment insurance (unemployment assistance payments). iii) Optimal unemployment compensation payments are found to be a decreasing function over time.Unemployment compensation, search unemployment, general equilibrium, overlapping generations

An Evaluation of the Optical Maser Photon Rate Gyroscope

Mathematical development of resonant frequencies of electromagnetic cavity - Evaluation of optical maser photon rate gyroscop

Optimization of structures on the basis of fracture mechanics and reliability criteria

Systematic summary of factors which are involved in optimization of given structural configuration is part of report resulting from study of analysis of objective function. Predicted reliability of performance of finished structure is sharply dependent upon results of coupon tests. Optimization analysis developed by study also involves expected cost of proof testing

Analysis of space vehicle structures using the transfer-function concept

Analysis of large complex systems is accomplished by dividing it into suitable subsystems and determining the individual dynamical and vibrational responses. Frequency transfer functions then determine the vibrational response of the whole system

Consumer behaviour in agricultural direct marketing

Scandals in the food production industry have caused an uncertainty about quality and innocuousness of food for many consumers. This resulted in a strong risk perception of consumers at the point of sale. The direct marketing of products by farmers can be an important way to strengthen consumer confidence. In this contribution, buying behaviour is examined by an observation and a following interview. We develop an econometric model about the number of bought products and the proposition of marketing strategies which can be recommended to farmers involved in direct marketing.Consumer behaviour, direct marketing, observation, econometric model,

Value Function Iteration as a Solution Method for the Ramsey Model

Value function iteration is one of the standard tools for the solution of the Ramsey model. We compare six different ways of value function iteration with regard to speed and precision. We find that value function iteration with cubic spline interpolation between grid points dominates the other methods in most cases. For the initialization of the value function over a fine grid, modified policy function iteration over a coarse grid and subsequent linear interpolation between the grid points provides a very efficient way to reduce computational time.value function iteration, policy function iteration, Howard’s algorithm, acceleration, cubic interpolation, stochastic Ramsey model

Finite element formulation for linear thermoviscoelastic materials

Report presents the finite difference equations in time and finite element matrix equations in space for general linear thermovisoelastic problems. The equations are derived for a general three-dimensional body but are applicable to one- and two-dimensional configurations with minor changes

Analytical procedure for estimating reliability of randomly excited structures

Analysis considers statistical variation of material strength and interactions between catastrophic and failure fatigue modes. Procedure employs concepts of fracture mechanics and extreme point processes associated with stationary narrow-band random vibrations